REG - Botswana Diamonds - AI Identifies Seven New Kimberlite Anomalies

Botswana DiamondsAnnouncement

12/12/2024 07:00

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RNS Number : 7620P  Botswana Diamonds PLC  12 December 2024

 

12 December 2024

 

Botswana Diamonds PLC

("Botswana Diamonds" or the "Company")

 

Groundbreaking AI Analysis Identifies Seven New Kimberlite

Anomalies in Botswana

 

Highlights

 

·    Seven significant kimberlite targets have been identified to date
that have never been previously reported, one of which is of extremely high
interest, in the opinion of the Botswana Diamonds board.

·    The Artificial Intelligence ("AI") programme has also revealed
compelling polymetallic targets in areas currently unlicenced.

 

Chairman, John Teeling, commented: "The identification of seven, previously
unreported, anomalies is a major achievement. To discover them in a few short
months is a major step forward in mineral exploration. Using AI techniques and
powerful computing, almost 400,000 kilometres of airborne geophysical and
other exploration data has been analysed and evaluated. It is astounding.
Botswana Diamonds is extremely fortunate to have such a vast treasure trove of
decades of diamond exploration data in Botswana.

 

I would like to highlight one anomaly which has a signature that outranks all
of the others and is of particular interest to the Company.

 

We are long term believers in the diamond prospectivity of Botswana and these
results reinforce the belief. We believe more diamond mines will be discovered
in Botswana".

 

Details

 

Botswana Diamonds announces, further to its announcement of 16 August 2024,
the preliminary findings of its Artificial Intelligence driven, multi-mineral
prospectivity programme. The programme is using the Company's extensive owned
database with other comprehensive open-source databases. These databases
include over 375,000 kms of airborne geophysical and other data, covering many
decades of work in Botswana. Data utilised includes geophysics, geological,
structural, geochemistry and satellite data. The purpose is to identify new
targets.

 

The Company utilised Planetary AI's 'Xplore' mineral prospectivity platform to
perform the detailed analysis. Initial results identified an exciting number
of new and promising targets across much of the country.

 

A workflow comprising a combination of AI models was applied in the first
instance to understand the data, analyse it and then enrich it. The enriched
datasets were then interrogated against Xplore's proprietary in-house deposit
models to identify prospective areas within Botswana in the search for
diamonds, but also covered a number of different minerals.

 

Seven significant kimberlite targets have been identified to date that have
not been previously reported, with one target being identified by the Board of
being particularly high interest due to its geological qualities. The AI work
also discovered new compelling polymetallic targets in areas currently
unlicenced. Work is ongoing on these new areas of interest which now focuses
on four main deposit types and eleven sub types. These deposit types include
elements such as gold, copper, silver, nickel, zinc and PGMs. The Company will
now assess these opportunities.

 

This release has been approved by James Campbell, Managing Director of
Botswana Diamonds plc, a qualified geologist (Pr.Sci.Nat), a Fellow of the
Geological Society of South Africa, a Fellow of the Southern African Institute
of Mining and Metallurgy, a Fellow of the Institute of Materials, Metals and
Mining (UK) and with over 38-years' experience in the diamond sector.

 

A copy of this announcement is available on the Company's website, at
www.botswanadiamonds.co.uk (http://www.botswanadiamonds.co.uk)

This announcement contains inside information for the purposes of Article 7 of
the Market Abuse Regulation (EU) 596/2014 as it forms part of UK domestic law
by virtue of the European Union (Withdrawal) Act 2018, as amended.

 

Enquiries:

 Botswana Diamonds PLC

John Teeling, Chairman

                                   +353 1 833 2833
 James Campbell, Managing Director

                                   +27 83 457 3724
 Jim Finn, Director

                                   +353 1 833 2833

 Nominated & Financial Adviser       +44 (0) 20 7409 3494

 Strand Hanson Limited

 Ritchie Balmer

 Rory Murphy

 David Asquith

 Broker                              +44 (0) 207 374 2212

 First Equity Limited

Jason Robertson

 Public Relations                    +44 (0) 207 138 3204

 BlytheRay

Megan Ray
 Said Izagaren

 Teneo

 Luke Hogg                           +353 (0) 1 661 4055

 Alan Tyrrell                        +353 (0) 1 661 4055

 Fia Long

 Alan Reynolds

 

 

www.botswanadiamonds.co.uk (http://www.botswanadiamonds.co.uk)

 

ENDS

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